PepsiCo Hits New 12-Month High at $91.27 (PEP)
PepsiCo (NYSE:PEP)’s share price hit a new 52-week high on Monday , Analyst Ratings Network reports. The company traded as high as $91.27 and last traded at $91.18, with a volume of 2,177,989 shares traded. The stock had previously closed at $89.85.
A number of analysts have recently weighed in on PEP shares. Analysts at Jefferies Group initiated coverage on shares of PepsiCo in a research note on Monday, June 9th. They set a “buy” rating and a $102.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PepsiCo in a research note on Tuesday, May 20th. They now have a $90.00 price target on the stock. Finally, analysts at S&P Equity Research downgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. PepsiCo presently has a consensus rating of “Buy” and an average price target of $93.92.
The stock’s 50-day moving average is $88.41 and its 200-day moving average is $84.11. The company has a market cap of $138.2 billion and a price-to-earnings ratio of 20.30.
PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, April 17th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $12.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that PepsiCo will post $4.54 EPS for the current fiscal year.
PepsiCo, Inc (NYSE:PEP) is a global food and beverage company.
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